JFS Wealth Advisors LLC Reduces Stock Holdings in Rockwell Automation, Inc. $ROK

JFS Wealth Advisors LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 4.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 670 shares of the industrial products company’s stock after selling 32 shares during the period. JFS Wealth Advisors LLC’s holdings in Rockwell Automation were worth $223,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citizens National Bank Trust Department purchased a new position in Rockwell Automation in the first quarter worth about $26,000. Legend Financial Advisors Inc. purchased a new position in Rockwell Automation in the second quarter worth about $39,000. Financial Gravity Asset Management Inc. purchased a new position in Rockwell Automation in the first quarter worth about $31,000. IMA Advisory Services Inc. purchased a new position in shares of Rockwell Automation during the 1st quarter valued at about $32,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Rockwell Automation during the 1st quarter valued at about $34,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Down 2.6%

Shares of ROK opened at $333.79 on Friday. The business’s 50 day moving average is $343.79 and its 200 day moving average is $314.72. The company has a market capitalization of $37.53 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.98 and a beta of 1.41. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $2.71 EPS. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president owned 1,662 shares of the company’s stock, valued at $581,700. The trade was a 13.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the completion of the sale, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,922 shares of company stock worth $11,191,812. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

ROK has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Thursday. Oppenheimer lowered their price objective on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. CICC Research initiated coverage on Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.68.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.